Positive trading prevailed in the movements of the Canadian Dollar pair as it followed the expected upward trajectory, reaching the official target stations at 1.3830 and 1.3860, with its highest level recorded at 1.3855. From a technical analysis perspective, the pair encountered resistance at the 1.3850 level, which curbed the …
Read More »USD/JPY continues to advance 13/11/2023
japanese-yen
Read More »GBP needs a stimulus 13 /11/2023
Oil, Crude, trading
Read More »Oil is trying to recover 13/11/2023
US crude oil futures prices have established a robust support level, notably around the previously specified target in the prior report at $75.10. The lowest recorded level stood at $75.25, experiencing an upward rebound with the intention of retesting the psychological barrier resistance at $77.00. Despite the upward movement observed …
Read More »Euro needs to break support 13/11/2023
The technical outlook for the pair remains consistent, with no significant changes observed in its movements. The bearish trend persisted, concluding last week’s trading above the crucial 1.0640 support level. In today’s technical analysis, we are inclined towards a negative outlook in our trading approach. This is based on the …
Read More »US Dollar reacts to Powell’s hawkish remarks, technical outlook uncertain
Traders were taken by surprise as Federal Reserve Chairman Jerome Powell delivered unexpectedly hawkish remarks, causing the US Dollar (USD) to initially surge, but subsequently ease during European trading on Friday. Powell’s comments deviated from market expectations of upcoming rate cuts, creating a contrasting picture to earlier dovish statements made …
Read More »European stocks fell as the US Federal Reserve undermined hopes that interest rates would reach their peak
European stocks fell on Friday, pressured by rising bond yields, and comments by Federal Reserve Chairman Jerome Powell undermined investors’ hopes that interest rates would peak. The European STOXX 600 index fell 0.4 percent by 0810 GMT, but is still heading for gains for the second week. Fed officials, including …
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Oil, Crude, trading
Read More »Dow Jones breaks support 10/11/2023
Oil, Crude, trading
Read More »CAD attempts to climb continue 10/11/2023
The technical outlook for the Canadian dollar remains consistent, with no significant alterations in its movements. The currency continues to exhibit positive stability, initiating an assault on the psychological barrier resistance level of 1.3800, reaching its peak at 1.3816. From a technical analysis perspective today, our trading inclination leans towards …
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